Waddell & Associates LLC Has $91.64 Million Stock Position in Global X U.S. Infrastructure Development ETF $PAVE

Waddell & Associates LLC increased its holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 1.3% in the 4th quarter, Holdings Channel reports. The fund owned 1,917,540 shares of the company’s stock after buying an additional 25,372 shares during the quarter. Global X U.S. Infrastructure Development ETF accounts for about 6.2% of Waddell & Associates LLC’s investment portfolio, making the stock its 2nd biggest position. Waddell & Associates LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $91,639,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of PAVE. Darwin Wealth Management LLC bought a new position in shares of Global X U.S. Infrastructure Development ETF in the 2nd quarter worth about $25,000. eCIO Inc. bought a new position in shares of Global X U.S. Infrastructure Development ETF in the 4th quarter worth about $27,000. Fortitude Family Office LLC bought a new position in shares of Global X U.S. Infrastructure Development ETF in the 4th quarter worth about $33,000. Millstone Evans Group LLC purchased a new stake in Global X U.S. Infrastructure Development ETF during the 4th quarter valued at about $33,000. Finally, JNBA Financial Advisors grew its position in Global X U.S. Infrastructure Development ETF by 40.4% during the 4th quarter. JNBA Financial Advisors now owns 712 shares of the company’s stock valued at $34,000 after purchasing an additional 205 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Stock Performance

Shares of PAVE stock opened at $56.51 on Tuesday. Global X U.S. Infrastructure Development ETF has a one year low of $41.65 and a one year high of $58.55. The company’s 50-day moving average is $55.02 and its 200 day moving average is $52.33. The company has a market capitalization of $11.16 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24.

Global X U.S. Infrastructure Development ETF Profile

The Global X U.S. Infrastructure Development ETF (PAVE) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap-weighted index of US-listed companies that derive the majority of their revenue from or have a stated business purpose related to infrastructure development. PAVE was launched on Mar 6, 2017 and is managed by Global X.